Topic: Future of BCC ?? Speculation of BCC (Read 1760 times)

yeh thats a good coin

but meanwhile it is dumping but pump will be soon i think we can compare BCC to ETH in Future

Bitcoin China has already distributed and started trading BCC. Lets see how good the famous Chinese traders skills are. I heard that they are king of the pumps.

I think a lot of people will dump in first week and then eventually some rich people are gonna buy cheap coins and pump it up, only to dump it later, but they'll keep it above 0.1 after that.

Creating money out of nothing is pretty amazing tbh. Let's hope bitcoin won't be harmed by it though.

Dunno. Certainly read a few posts with odd wallet/network behaviour on here. But you never know how much of that is legit, and how much is down to user incompetence.

I was aware of network doubts. So I haven't tried to claim the BCH I'm due from my offline storage.

Not really in any hurry to do so. I'll let the network stabilise (or die .... whichever comes first) and then worry about it. I've dumped the small amount I had from exchange holdings. I'll worry about the offline part once the network state becomes clearer.

I'd certainly be moving things off and using empty wallets for anything I did attempt though.

You'd be pretty dumb not to. (Which means plenty will. Of course.   )

Yup, there is almost no way we won't see some shady online wallets, coinsplitting services and whatnot. I read some scam accusations about particular electron cash downloads, but maybe I was mistaken.

Moreover, theymos mentioned here, that replay protection is not always guaranteed and/or that BCH wallets may overwrite existing wallet data. I don't know whether this is still an issue, with the fork being now in place technically as well, but there may still be the danger of moving one coin and losing the other in the process. Or is that mitigated by now?

Lower capitalization, minor use and another altcoin with speculative use without wide support.

I wouldn't say it won't have a future because it was split from btc but I doubt it will have a bright future too. Or if it might have a place in the future but of less value because people will still go to btc than bcc.

Good point. Hadn't considered that angle.

Not to mention, I am AMAZED I haven't seen a post from someone who found a new BCC compatible wallet. Tried it. Imported their private keys to it. And all it did was transmit the key data to  a scammer somewhere. Who promptly emptied their account for them.

Wouldn't be terribly hard to do.

Enough people with no technical clue what they're doing that you could easily make a short term smash'n'grab profit with it. (Cos they didn't empty the wallet before re-using the key on the fake.)

Or maybe that has happened and I just haven't read about it yet.

Which again, is just bad publicity for crypto and nobody wins. Except the scammer obviously.

Interesting times when there is turbulence in the big boys arena.

Yeah exactly. Personally I think I'd rather a direction chosen by a more democratic consensus, however the reality is that real world usage decides. The other advantage BTC has is in trading pairs. I've read people bemoan alt coins and point to the organic growth of BTC as an indicator of it's longevity, but I believe the reality is that to a fairly large extent the organic growth of BTC is directly related to the growth of the alt coin market as it is the main fiat gateway. The same could be said for ETH. If exchanges allow for FIAT>BCC>Alts then BCC will have a very firm foothold.

Interested to see what the Japanese markets have to say.

Yup, I guess we are on the same page. And I get what you are saying, that there is the chance of BCH taking over BTC, but if it does, it will most likely be due to few people leveraging their power in combination with being at the right place at the right time, with the right name.

For average Joe/Jane, the real danger is scammers trying to sell them BCH as "BTC on a discount" (or, if BCH wins, the other way around). I expect this to happen a lot and this will harm Bitcoins (no matter what version) path to mass adoption.

Gonna disagree with you slightly there. (Just slightly. I think we're both singing from the same song sheet here pretty much)

This is all from John/Joe Consumer view here. Not speculator on here. Their viewpoints are TOTALLY different to Joe Average.

"Bitcoin" is, without question, the most known "brand" as far as crypto goes. People who have never dabbled in crypto and know little else about it (such as my parents - in their 70's) have at least heard of it.

But the drop-off in knowledge beyond that is vast. A good number of people may know there are "other" cryptos. Some may know of ETH. Or Ripple. Maybe LiteCoin. But the number of people you're talking about vs the number who at least have some awareness of Bitcoin is probably a pretty small proportion.

But people know you can use Bitcoin in the real world. (Although many don't know how)

And they know it has a lot of value at the moment. (Many aren't even aware you can, and often do, deal in fractions)

And this is where Bitcoin Cash has got it right. They still have the Bitcoin name. But they bolted the word "Cash" to it. Consumers understand "Cash" and know "Bitcoin". They'll put 1 and 1 together (in this case) and end up with a "Lambo". From a marketing perspective alone, that's a VERY smart move. Steve Jobs would have been proud of that one.

Will it last long term? At high values? Much harder to say. My gut feeling says no. Not at it's current levels anyway. But, as you mentioned, if a retail market with large acceptance (such as Japan) did decide to switch, it could become a totally different ballgame.

I don't like it either. It feels like it's just going to muddy the waters and dilute the investment pool until a clear direction going forward is established. At the moment, due to the lack of mining support, it still feels like BTC to me. But this is crypto. Logic and common sense don't really apply .... 

We'll see. I think the name "Bitcoin" is more recognizable than "Bitcoin Cash".

On the off-chance that BCH actually makes the cut, I decided to keep my BCH and ride it against the wall if I have to.

Still, I don't see it overtaking Bitcoin, and from an "ethical" (ok, let's not overemphasize that word here, but I hope you know what I mean) standpoint, I want Bitcoin segwit to succeed. Bitcoin Cash is the brainchild of few whales and whaleminers, who are trying to leverage their power against smaller users.
I admit that the way segwit became active is not so much different(with the NYC agreement and all), BUT, at least it is similar to the segwit plans but forth and widely approved by users.

By the way, does AsicBoost work on BCH? I forgot the details about that.

Precisely.

And this is where Cash has the win.

It arrived on the crest of a wave of mainstream interest and reporting. Timing is everything.

The others are legacy.

And, to Joe/Jane Consumer, Bitcoin Cash is a FAR more appealing name.

"Plus" might have got some traction if it's timing had been better.

"Dark" is bad naming. Consumers will associate that with the "bad" side of Crypto. (Bitcoin DARK - DARK web - drugs! guns! bad shit!!!)

"Scrypt" would be completely meaningless to them.

So no. Cash is the best naming. It has the best timing. It has the best publicity.

So, like it or not, this is how consumers think. And this is why we are where we are now.

Worked for Windows over OS/2. Worked for VHS over Betamax. Worked for LCD over Plasma.

So who knows where this will end up ....

I agree with you, this was actually the point I was trying to make.

There is one currency called Bitcoin.

And there is one currency called Bitcoin Cash. Oh, and there is also Bitcoin Plus, Bitcoin Dark, Bitcoin Scrypt and so on.

Now, what do you think, average Joe_Jane will recognize as the "real" Bitcoin?

I'm pretty sure BCC has good potential in the future, ETH and BCC will fight fiercely to occupy the position of BTC. LOL
However, BCC is a new altcoin that still lacks in everything, I'm very happy to see the progress of this world of cryptocurrency, this proves if altcoin is also worthy of attention and support.

100% this.

It's easy to forget that outside of this forum and outside of BCC forums... nobody cares about the politics. Actually, so few people even know about it. Just read the main media and how they talk about this and every other trader is shaking their head. And the tech is the same story: people outside the alt community don't know or care.

I agree that its another bubble in the making. But is this bubble going to burst soon? No. We havent seen the Chinese players joining the game yet. When they do BCC will reach the top 2 of coinmarketcap.com. Dont dump yet, the pump is still coming.